The post Bitcoin dives, rebounds, then tanks again as ETF flows collapse appeared on BitcoinEthereumNews.com.

Markets went straight into meltdown mode Sunday night after the United States bombed Iran in a direct military strike and Iran retaliated by shutting down Strait of Hormuz, the most important oil route on the planet. That has triggered violent selloffs across every major market, from stocks to Bitcoin, from oil to the dollar and the euro. The world’s financial system is now reacting like it just got sucker punched. Its unlike anything we have ever seen. Oil was first to go wild. In the first trading session after the futures market opened, US crude rose $1.76, or 2.38%, to $75.60 per barrel. Brent crude climbed $1.80, or 2.34%, landing at $78.81. Brent even briefly touched $81, which was a 5.7% spike, before it slipped back. By press time, the price gains were gone. Oil was down 0.5%, which made no sense to anyone watching. Traders are now locked on Tehran, waiting to see what it does next. Hossein Amir-Abdollahian, Iran’s foreign minister, said Sunday that Iran reserves “all options” to defend its sovereignty. S&P Global Platts noted the price surge could reverse entirely if Iran chooses not to respond. Bitcoin dives, rebounds, then tanks again as ETF flows collapse The crypto market didn’t waste a second. Bitcoin had dropped to $98,000 on Sunday. That was its lowest point in over a month. Less than an hour later, it swung back above $102,000, before slipping again. At the time of writing, it sat at $100,879. The market was a disaster. More than $1 billion in crypto positions were liquidated in just 24 hours, and over 95% were long bets. Source: TradingView Things got uglier when inflows into spot Bitcoin ETFs dried up. Between Monday and Wednesday, $1.04 billion had gone in, based on CoinGlass data. But by Thursday, that number…

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Filed under: News - @ June 23, 2025 2:17 am